Wednesday, May 23, 2012

Israel:

Ormat Technologies, Inc. Provides Information on Closing of Transaction Involving Shares of its Parent Entity (Press Release - MarketWatch)


Ormat Technologies, Inc. announced today that it has been informed by Ormat Industries, Ltd., its parent entity, that the transaction by and among Bronicki Investments Ltd., the controlling shareholder of Ormat Industries, and FIMI ENRG Limited Partnership, a newly formed Israeli partnership and FIMI ENRG, a newly formed Delaware partnership, both controlled by FIMI Opportunity IV, to sell part of BIL's interest in Ormat Industries, previously announced on March 16, 2012, was successfully consummated on May 22, 2012.